Trade Position Update

On AAPL, my short position initiated @ $237.60, so I’m down approx. $1 as of now. I did add more shares in the high $238’s, but that’s not part of this trade. Stop still sets @ $240. That’s where I dare AAPL to get me. I’m ready to turn over $240 (100 shares) for that. Added Q May $48 Put @ $0.88 to avg to $0.90875. On this trade, now approximately 80% in.. Gotta run… Have a great trading day!

AAPL.......at this speed it projects...240..........next 251 intraday sell....R@239 S@237.........next..235-234

On AAPL, my short position initiated @ $237.60, so I’m down approx. $1 as of now. I did add more shares in the high $238’s, but that’s not part of this trade. Stop still sets @ $240. That’s where I dare AAPL to get me. I’m ready to turn over $240 (100 shares) for that.

Added Q May $48 Put @ $0.88 to avg to $0.90875. On this trade, now approximately 80% in..

Gotta run… Have a great trading day!

i think you need to cover. good luck. cheers.

AAPL.......at this speed it projects...240..........next 251
intraday sell....R@239
S@237.........next..235-234

Hey V - Thanks. I've got 239.75 first and then 241, where I've set the stop @ 240. How did you come up with the numbers?

Edited by TechMan, 06 April 2010 - 12:33 PM.

AAPL Stopped out @ 240 for 1% loss. Re-short @ 240.18. New stop @ 242.60. Added final 20% to the Q May 48 Put @ 0.77. Now avg $0.88

psar numbers+
http://beta.barchart...et.php?sym=AAPL
intraday sell.........continues

AAPL.......at this speed it projects...240..........next 251
intraday sell....R@239
S@237.........next..235-234

Hey V - Thanks. I've got 239.75 first and then 241, where I've set the stop @ 240. How did you come up with the numbers?

intraday sell.........continues

And, I've only just begun... getting more aggressive.

Thanks for the info, V. I've always liked their site.

AAPL Stopped out @ 240 for 1% loss. Re-short @ 240.18. New stop @ 242.60.

Added final 20% to the Q May 48 Put @ 0.77. Now avg $0.88

Good trading, I like the 1% STOP LOSS for APPL.

I may open MAY bearish spreads on AAPL tomorrow.

Am looking to buy MAY QQQQ 49 puts

Thanx, dTraderB.

It's time to start getting a little more aggressive from the short side.

Funny, I was just looking at different option spreads to short AAPL. This 100-share short is actually kinda boring.

What do you have in mind?

I'm looking at buying May 260 Calls @ $3.40 and selling May 220 Calls for about $23.10 each. Break even is about $240. 45%-50% return at around $230, and 100% return if it hits $220.

AAPL Stopped out @ 240 for 1% loss. Re-short @ 240.18. New stop @ 242.60.

Added final 20% to the Q May 48 Put @ 0.77. Now avg $0.88

Good trading, I like the 1% STOP LOSS for APPL.

I may open MAY bearish spreads on AAPL tomorrow.

Am looking to buy MAY QQQQ 49 puts

Edited by TechMan, 06 April 2010 - 05:48 PM.

Haven't looked at since earlier today but I would consider buying the 260 calls and sell the 230 calls. Also looking at AMZN. In the past, I have made good profits with spreads when these high volatility stocks spike up or down. If AAPL goes above 245 I will be very aggressive on the spreads. May expiration gives us more time.